U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers jumped 12.4% year-on-year (YOY) at the end of the first quarter (1Q/17) to an estimated 265.3 million cards, compared to 258.7 million in 4Q/16, and 236.1 million for 1Q/16, according to CardData. Citibank blew the other three top issuers away in the first quarter, growing four…
BDO Unibank, the largest bank in the Philippines, has begun issuing the J/Speedy JCB card. The first card was launched in the ASEAN region. J/Speedy, JCB’s EMVCo compliant contactless scheme, provides a convenient and easy payment solution to valued customers of BDO. JCB brand cards are currently issued in 23 countries and territories with over…
The Central Bank of Sri Lanka has inked a partnership with Japan’s JCB to establish the National Card Scheme (NCS) to introduce the issuance of LankaPay-JCB co-branded cards and to jointly promote the acceptance of such cards with JCB payment solutions. By integrating JCB payment solutions to LankaPay participant members and leveraging the planned interconnection…
Thailand’s KBank and JCB have buddied to introduce the “KBank JCB Credit Card” to accommodate Japanese culture and lifestyles. The new card offers a wide range of attractive privileges are offered to Japanese cardholders, with first-year targets of 100,000 cards and spending of 2 billion Baht. Being among the most-visited destinations of Thai travelers, Japan…
When it comes to mobile apps Capital One ranked highest in the retail bank category while Discover ranked highest in overall satisfaction in the credit card category. According to the “J.D. Power 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies”: • Ease of use/navigation is the most heavily weighted driver of satisfaction among…
Visa and Mastercard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/17) grew 8.2% year-on-year (YOY). U.S. credit GAC was up 8.3% YOY and U.S. debit GAC increased 7.6% YOY in 1Q/17, according to CardData. The overall U.S. GAC growth was driven by Visa credit and debit products. Totally, Visa and Mastercard…
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers was flat sequentially, to 1.05% for the first quarter (1Q/17), but up 13 basis points (bps) from one-year ago (YOY). This is the first time the 90+ day delinquency has crossed the 1.00% since 2009, according to CardData. The…
Consumers are increasingly aware of retail credit with 8 out of 10 (78%) shoppers aware of financing options that retailers offer, up from just 51% two years ago. Consumers also continue to show loyalty to retailers with whom they have a store card, with 40% saying they are more likely to shop at that retailer…
Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover credit cards (CC) in the U.S. climbed 9.4% year-on-year (YOY) in 1Q/17 reaching $793 billion, according to CardData. Visa led the way in the first quarter posting a 19.8% YOY gain for U.S. GDV, offsetting the American Express decline. Visa reported first quarter U.S.…
International payment cards-in-force (CIF) for Visa and MasterCard, excluding Visa Europe, increased 7.7% year-on-year (YOY) in the first quarter (1Q/17). International debit card CIF rose 15.7% YOY, while international credit card CIF increased 33.6% YOY, according to CardData. The figures are skewed as Visa began reporting Europe data in the third quarter. With Visa Europe…
U.K. consumer credit growth remained strong in March, despite the Brexit uncertainty, after rising in February to its highest annual growth rate of the past twelve months. The year-on-year (YOY) rise jumped 150 basis points (bps) in March, according to CardData. In March total consumer credit grew to £197.4 billion. The three-month annualized and twelve-month…
The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 14 bps year-on-year (YOY) for the first quarter (1Q/17). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, rose in 1Q/17, according to CardData. For the Top…